Page 1 of 1 As part of an aggressive product development program unprecedented in the company's history, Saab unveiled the new 9-7X SUV at the 2004 New York International Auto Show. Expanding its model offering to four vehicle lines, Saab - the fastest growing European premium car brand in the American market - now is targeting one of the fastest growing market segments. The mid-luxury SUV segment increased from approximately 45,000 units a year in 1997 to 401,424 units in 2003. By the end of 2005, sales are projected to exceed 470,000 units.

As part of its product offensive Saab launched the redesigned 9-3 Sport Sedan and 9-3 Convertible models in the past 18 months. In December 2003, the company unveiled the Saab 9-2X, a unique and early offering in a car segment just emerging in the American market: the premium sports compact segment. The first Saab 9-2X models will go on sale in the U.S. and Canada on July 1, 2004.

The new 9-7X will bring unique Saab characteristics to this growing segment, including: sophisticated exterior and interior styling, premium design features and quality, a chassis tuned to deliver sporty and fun-to-drive performance and the ignition cylinder in the center console behind the gear lever. It will appeal to customers looking for a driver's vehicle with the versatility of a SUV. The vehicle was developed from the award-winning General Motors GMT360 architecture. Regular production is scheduled to begin in January 2005, at GM's Moraine, Ohio, assembly plant with vehicles available for sale in the first quarter of 2005.

The Saab 9-7X will be positioned in the $37,000 to $45,000 price bracket. Its high-performance version, incorporating a 5.3-liter V-8 delivering an estimated 300 horsepower, is destined to be an attractive offering among mid-luxury SUVs. Product content is characterized by comprehensive standard equipment, such as leather-trimmed seats, 18-inch aluminium alloy wheels, all-wheel-drive and a state-of-the-art sound system. Page 1 of 1